Vesuvius plc, a global leader in molten metal flow engineering and technology, released a trading update for the period of July 1 to October 31, 2024. Despite challenging market conditions, the company performed robustly, gaining market share and maintaining resilient pricing. Steel and foundry markets outside of India and EEMEA remained subdued, with Chinese steel exports impacting production in other regions. Vesuvius continued to gain market share in Flow Control and Foundry, benefiting from its strong technological differentiation. The company expects trading profit for FY24 to be slightly below FY23 due to weak end markets but remains confident in the long-term attractiveness of the steel and foundry markets. They have launched a second share buyback program of ยฃ50 million and acquired a 61.65% stake in Piromet AS, a Turkish business, to strengthen their position in the EEMEA region.
I'm sorry, but the text provided does not contain any financial or debt information for the years 2023 and 2024 to compare. However, here is the relevant information I found: | Year | Revenue (ยฃ) | Trading Profit (ยฃ) | Return on Sales | Net Interest Charge | Capex (excl. leases) | Restructuring Charge |
| --- | --- | --- | --- | --- | --- | --- |
| FY23 | ยฃ1,929.8m | ยฃ200.4m | 10.4% | c. ยฃ16m | c. ยฃ100m | c. ยฃ12m |
| 10 months to Oct 2024 | ยฃ1,857.8 | ยฃ189.0m | 10.2% | c. ยฃ16m | c. ยฃ100m | c. ยฃ10m | This table represents the financial highlights for Vesuvius plc for the fiscal year 2023 (FY23) and the 10 months ending October 2024. It includes revenue, trading profit, return on sales, net interest charge, capital expenditures (excluding leases), and restructuring charges. Please note that the values for 2024 are based on the average FX rates for the 10-month period and may not be directly comparable to the FY23 values.